Investor Presentaiton
Net financial results
RESULTS PRESENTATION / 2022
Recurring Net Financial Results up EUR 628 M, to EUR 1,838 M, due to USD and BRL appreciation
affecting debt and derivatives, higher average debt balance and increased cost of debt mainly in BRL
NET FINANCIAL RESULT (EUR M)
COST OF DEBT
-117
-1,838
-202
+67 bps
4.27%
-145
-163
-1,210*
-207
| 3.60%
-1,003
Debt result
2021
FX
Average
debt
Cost
FX
derivatives
2022
+10 bps (ex NEO)
2.99%
2.89%
2021
2022
FX impact and BRL cost compensated at EBITDA level
Debt cost (ex NEO) increases 10 bp despite references increasing over 150 bp
IBERDROLA
Recurring Net Financial results excluding EUR 207 M of net positive one-offs accounted for in 2021 (Wallbox and Court rulings)
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